Guideline Value

Corporate

Guideline Value for Sri Ram Nagar West

₹550/sq.ft.

The guideline value for Sri Ram Nagar West in Alamathi village (Redhills SRO, Chennai zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Alamathi

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹550 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sri Ram Nagar West

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Sri Ram Nagar West guideline value

The current guideline value for Sri Ram Nagar West in Alamathi village is Rs 550 per sq.ft, effective from 1 July 2024. This area falls under the Redhills Sub Registrar Office and is classified as Residential Class II Type - I.

How the guideline value of Sri Ram Nagar West has changed

Over the years, the guideline value for Sri Ram Nagar West has seen several revisions. The earliest recorded figure is from 2007, with a guideline value of Rs 200 per sq.ft. This increased significantly to Rs 500 per sq.ft in 2012, followed by a decrease to Rs 335 per sq.ft in 2017. The value then rose to Rs 500 per sq.ft in 2023, and most recently to Rs 550 per sq.ft in 2024. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.

Analyzing the changes between the revisions, we see that from 2007 to 2012, the value increased by 150%. However, it decreased by 33% from 2012 to 2017. The subsequent rise from 2017 to 2023 was 49%, and the latest increase from 2023 to 2024 is 10%. Overall, from 2007 to 2024, the guideline value has increased by 175%.

Guideline values in Alamathi

Within Alamathi, there are 54 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,100 per sq.ft, with a median value of Rs 550 per sq.ft. The guideline value for Sri Ram Nagar West aligns with this median.

Stamp duty and registration fee for property in Sri Ram Nagar West

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total fees together to Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Ram Nagar West?

The Sri Ram Nagar West area is covered by the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Alamathi

The guideline value plays a crucial role in property transactions in Alamathi. It serves as a benchmark for determining the minimum value of a property when registering a sale. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial implications of the transaction based on the established guideline value.

Frequently asked questions

What is the current guideline value for Sri Ram Nagar West?

The current guideline value for Sri Ram Nagar West is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 550 per sq.ft in 2024, showing an overall increase of 175% over the years.

What is the stamp duty rate for property transactions in Sri Ram Nagar West?

The stamp duty rate for property transactions in Sri Ram Nagar West is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sri Ram Nagar West?

The Sub Registrar Office for Sri Ram Nagar West is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the minimum value of a property for registration purposes and helps calculate the stamp duty and registration fees during a property transaction.